Applies to: Ireland, United Kingdom, and Northern Ireland - Farmer accounts
Account Type: Farmer
Overview
BrightAccountsProduction now provides flexible display options for the Adjusted Profit Computation in Farmer accounts. You can choose to show this computation as a standalone section in Produce Accounts or include it within the Tax Export Schedule, giving you greater control over how profit adjustments are presented in your accounts.
These new options allow you to tailor the presentation of profit computations to meet your specific reporting requirements and preferences.
What's New?
Two new Compliance Database options have been introduced to control where the Adjusted Profit Computation appears:
Option 1: Show in Produce Accounts
Display the Adjusted Profit Computation as a separate section under Produce Accounts
Option 2: Show in Tax Export Schedule
Display the Adjusted Profit Computation within the Tax Export Schedule (ROI Pay and File Income Tax or UK equivalent)
You can enable either option, both options, or neither, depending on your reporting needs.
Prerequisites
Jurisdiction Requirements
This feature is available for Farmer accounts with a Country of Incorporation of:
- Ireland
- United Kingdom
- Northern Ireland
Account Type
Your account must be configured as a Farmer account type.
How to Enable These Options
Option 1: Show Adjusted Profit Computation Under Produce Accounts
Steps:
- Navigate to Compliance Database
- Go to Other Information
- Select Adjusted Profit Computation
- Go to Add Backs
- Enable the checkbox: "Show Adjusted Profit Computations under Produce Accounts?"
Result: The Adjusted Profit Computation will appear as a separate section in your Produce Accounts.
Option 2: Show Adjusted Profit Computation in Tax Export Schedule
Steps:
- Navigate to Compliance Database
- Go to Other Information
- Select Adjusted Profit Computation
- Go to Add Backs
- Enable the checkbox: "Show Adjusted Profit Computations under ROI Pay and File Income Tax?"
Result: The Adjusted Profit Computation will appear within the Tax Export Schedule section of your Produce Accounts.
What is the Adjusted Profit Computation?
The Adjusted Profit Computation shows how accounting profit is adjusted to arrive at taxable profit for income tax purposes. This typically includes:
- Starting profit from the accounts
- Add backs for non-deductible expenses
- Deductions for items not included in accounting profit
- Adjustments for capital allowances
- Final adjusted profit figure for tax purposes
This computation is essential for demonstrating the reconciliation between accounting profit and taxable profit to the tax authorities.
Choosing the Right Display Option
When to Use "Under Produce Accounts"
- You want the computation to be prominently displayed as a standalone section
- You need detailed profit adjustments to be easily accessible
- Your practice prefers comprehensive account documentation
When to Use "Under Tax Export Schedule"
- You want to keep tax-related computations together with tax schedules
- You're preparing accounts primarily for tax filing purposes
- You prefer a more streamlined accounts presentation with tax details grouped separately
Using Both Options
You can enable both options if you want the Adjusted Profit Computation to appear in both locations. This can be useful when:
- Different stakeholders prefer different formats
- You need comprehensive documentation throughout the accounts
- You want maximum transparency in your profit adjustments
Frequently Asked Questions
Q: Can I enable both options at the same time?
A: Yes, you can enable both options to show the Adjusted Profit Computation in both locations within your accounts.
Q: What if I don't enable either option?
A: The Adjusted Profit Computation will not be displayed in your Produce Accounts if neither option is enabled. However, the underlying calculations will still be available in your Compliance Database.
Q: Does this affect my tax calculations?
A: No, these options only control where the computation is displayed. The actual tax calculations remain unchanged.
Q: Can I change these settings after producing accounts?
A: Yes, you can enable or disable these options at any time. Simply regenerate your Produce Accounts to see the updated presentation.
Q: Which option is better for tax filing?
A: Both options are acceptable for tax filing purposes. The "Tax Export Schedule" option keeps all tax-related information together, which some practitioners prefer. Choose the option that best suits your practice's workflow.
Q: Does this apply to all jurisdictions?
A: This feature is specifically designed for Farmer accounts in Ireland, United Kingdom, and Northern Ireland where adjusted profit computations are commonly required for tax purposes.
Location Summary
Both options can be found in the same location:
Compliance Database → Other Information → Adjusted Profit Computation → Add Backs
From there, you can:
- Enable "Show Adjusted Profit Computations under Produce Accounts?"
- Enable "Show Adjusted Profit Computations under ROI Pay and File Income Tax?"
Additional Information
These display options provide flexibility in how you present profit adjustments to meet different stakeholder needs, whether for financial reporting, tax compliance, or both.
For technical assistance or questions about implementing this feature, please contact your support team.
Last updated: November 2025
Version: 2025.11.0